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BSA’s $20M class action settlement wins court approval
Class Actions 2022-07-26 11:49 pm By Cindy Cameronne Sydney

A judge has approved a $20 million settlement in a sham contracting class action accusing telco contractor BSA Limited of misclassifying its workforce of technicians as independent contractors.

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Tiwi Islanders to file new bid to block Santos’ Barossa drilling
Allens 2022-07-26 11:15 pm By Cindy Cameronne Sydney

Tiwi Islanders will file a new application to prevent drilling continuing on Santos’ $4.7 billion Barossa gas project after losing a challenge to stop the energy giant from beginning work on the first sea well.

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Mayfair 101 reaches settlement with IPO Wealth Holdings liquidators
Angel Aleksov 2022-07-26 12:13 am By Cindy Cameronne Sydney

Mayfair 101 has settled with liquidators of collapsed IPO Wealth Holdings after they won a bid to re-examine former director James Mawhinney over the transfer of “considerable funds and assets” from the fund to other entities.

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Lane Cove tunnel operator can add claims to $300M case against builders
Allens 2022-07-25 11:18 pm By Cindy Cameronne

A judge has granted a bid by the operator of Sydney’s billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.

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ASIC can pursue defunct funeral insurer in case of ‘clear public interest’
ASIC 2022-07-25 3:30 pm By Cindy Cameronne Sydney

A judge has given ASIC the green light to continue proceedings against a defunct funeral insurer which allegedly misled Aboriginal customers about being Indigenous-owned and claims that its products were specifically beneficial for First Nations people.

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Receivers get court OK to sell Melissa Caddick’s Dover Heights mansion
ASIC 2022-07-25 1:24 pm By Cindy Cameronne Sydney

A judge has allowed receivers to sell the Dover Heights mansion of Sydney fraudster Melissa Caddick without any distribution of proceeds, saying the sale “should take place post-haste”.

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ASIC loses bid for early punishment against Select AFSL
Anthony Cheshire 2022-07-22 10:07 pm By Cindy Cameronne Sydney

A judge has shot down ASIC’s bid for declarations against life insurer Select AFSL before a penalty hearing after finding that the insurer acted unconscionably when selling insurance over the phone.

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PwC partners knew of unlawful dividend payment to Cornerstone director, court told
Accounting 2022-07-22 9:55 pm By Cindy Cameronne Sydney

PwC partners are facing “very serious” allegations that they had actual knowledge that a $30 million dividend payment to the director of now defunct tertiary education provider Cornerstone was unlawful.

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Pitcher Partners looks to shut down $128M Twigg family lawsuit
Accounting 2022-07-22 8:48 pm By Cindy Cameronne Sydney

Accounting firm Pitcher Partners wants to shut down a lawsuit brought by the Twigg family alleging it helped race car driver Max Twigg misappropriate $127.8 million in family trust money for himself.

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SMBC sues Humm for $34M in worthless receivables linked to Forum Finance
Competition & Consumer Protection 2022-07-21 9:50 pm By Cindy Cameronne Sydney

Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.

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